Quote:
Originally Posted by Makarov
Of course it did. In your hypothetical, M&M Inc. just happened to misjudge the market (which happens all of the time). In that case, the market will presumably punish M&M. Maybe the same will happen to MLSE? Only time will tell. But both decisions were driven by the market (and the decision-makers' perception of the market).
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But Twitter
is not the market. M&M, in the hypothetical, didn't misjudge the market at all; they made a business decision based on noise from people who were not even involved in their market.
This, by the way, happens in my line of work all the time: see my long post above. The publishing industry is notorious for ignoring clear signals from the market and paying attention to irrelevant noise from online mobs, Manhattan cocktail parties, academics, and other sources that have no connection with the paying customers.